🔍 Chart Insights (Weekly View):
✅ Demand Zone Respect: Price rebounded strongly off the key ₹3,200–₹3,500 demand zone, which has acted as a solid base since 2021.
✅ Cup & Handle Pattern Forming: Smooth rounded bottom suggests potential for a long-term bullish breakout.
✅ Breakout on Daily & Weekly Charts: Structure looks bullish across timeframes.
✅ Relative Strength (RS) Flipping Positive: After prolonged underperformance, RS is breaking a downtrend, indicating outperformance potential.
✅ Volume Note: Daily volume confirms the move. Weekly volume is lower due to holiday-shortened week — not a concern unless it persists.
✅ Demand Zone Respect: Price rebounded strongly off the key ₹3,200–₹3,500 demand zone, which has acted as a solid base since 2021.
✅ Cup & Handle Pattern Forming: Smooth rounded bottom suggests potential for a long-term bullish breakout.
✅ Breakout on Daily & Weekly Charts: Structure looks bullish across timeframes.
✅ Relative Strength (RS) Flipping Positive: After prolonged underperformance, RS is breaking a downtrend, indicating outperformance potential.
✅ Volume Note: Daily volume confirms the move. Weekly volume is lower due to holiday-shortened week — not a concern unless it persists.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.